If carriage inwards amounting to 57,800 is included as part of carriage outwards the impact of the
Question:
If carriage inwards amounting to £57,800 is included as part of carriage outwards the impact of the error would be:
(a) Gross profit as well as net profit will be understated
(b) Gross profit will be overstated but net profit unaffected
(c) Gross profit as well as net profit will be overstated
(d) Gross profit as well as net profit will not be affected
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
b Gross pro...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
12+ Reviews
21+ Question Solved
Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
